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FEATURED COMPANIES

This region is home to more than half of the human beings in the world. The region has a steady economic growth. The GDP growth for 2014-2015 is forecasted to be more than 5% which is helped by growth in economies, robust credit growth and good labour markets.

This growth has been seen by the global pharmaceutical companies who are investing heavily in this market. In 2012 the Chinese pharmaceutical market grew by more than 15%.

This growth in the pharmaceutical market has spurred the growth in the pharmaceutical packaging also. Packaging is the key part of the pharmaceutical market because it helps with keeping the drugs safe from contamination and damage.

Pharmaceutical industry is seeing an exponential growth. With changing lifestyle, more and more people are being diagnosed with various diseases and increased spending on healthcare by government of different countries world over, pharmaceutical has become a multi-billion dollar industry. Pharmaceutical manufacturers must follow stringent requirements to protect consumer safety and environmental regulations. Increasing cost pressures on pharmaceutical manufacturers is forcing them to pass on this cost on to packaging companies which has become one of the driving force of pharmaceutical packaging market. The rise in self-medication and over the counter products is also contributing to growth of this industry.

It is necessary for packaging companies to manufacture such packages which meet the objectives of keeping the product safe from environment and vice versa. Also there should be proper labelling of the products so that, it cannot be counterfeited and at the same time have a longer shelf life. Some of the pharmaceutical packaging products being used to meet the above objectives are ampoule, vial, dropper bottle, labels and patient information booklet.

There are various concerns for the region like inflation problems, inadequate supply chains, restrictions by the governments, uncertain consumer behaviour and fierce completion from domestic retailers. All these problems affect the pharmaceutical packaging market.

These problems can be allayed by the fact that the governments in this region are opening the markets to companies from abroad. Policies are being changed by the governments to attract more investment. Also they are implementing new projects to help the infrastructure to support the supply chain.

Some of the major vendors are Amcor, CCL Industries, Intrapac, Rexam Plc and Schott AG.

Reasons to buy this report

1) Report gives complete market insights, the driving forces of the market, the challenges market faces, about different pharmaceutical packaging technologies and their applications

2) It gives market trends of type of pharmaceutical packaging technology and by applications

3) A complete market breakdown has been done by different countries to give a detailed picture of the market in that particular region

4) The report also gives information of major vendors of pharmaceutical packaging products, their existing share in the market, strategies they adopt along with the major products, financials, recent developments and profile of these vendors.

Who should be interested in this report?

1) Vendors who are into manufacturing of these products as they can get an overview of what competitors are doing and also which markets they can look forward to expand their operations

2) Processed food suppliers in need of better understanding of different technologies and products